+44 20 3608 1267
Historical apartment house in the center of Wiesbaden with a 4,5% yield

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Historical apartment house in the center of Wiesbaden with a 4,5% yield

5,250,000 €
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Total area: 1,322 m² Yield: 4.5%
  • Absolute return: 239,148 €
  • Land area: 428 m²
  • Built in 1899
  • 5-floor building
  • Renter: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%
  • Total apartments: 9

It is a five-storey apartment building with commercial premises.

Description

The total building area of 1,322 m².

The plot of 428 m².

The house was constructed in 1899, it is a historical monument and protected by local authorities.

The building has 9 apartments with total area of 605 m² and 2 commercial premises with a total area of 677 m².

The apartments have high quality parquet flooring, built-in kitchens, central heating. All windows in the building are double glazed.

All areas are leased out.

Financial performance

Absolute income is 239,148 €.

The current yield of 4,5%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

Location

The house is on a shopping street in the center of Wiesbaden.

Parking, public transport are in close proximity,

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Wiesbaden
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